A look at the weighted underlying holdings of the First Trust US IPO Index Fund (FPX) shows an impressive 11.1% of holdings on a weighted basis have experienced insider buying within the past six months.
Murphy USA Inc (MUSA), which makes up 0.23% of the First Trust US IPO Index Fund (FPX), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $1,145,571 worth of MUSA, making it the #94 largest holding. The table below details the recent insider buying activity observed at MUSA:
MUSA — last trade: $48.77 — Recent Insider Buys:
|02/24/2014||R. Andrew Clyde||President & CEO||5,000||$38.96||$194,782.50|
|03/06/2014||Fred L. Holliger||Director||1,000||$40.84||$40,838.00|
|05/08/2014||Malynda K. West||EVP, CFO & Treasurer||959||$44.99||$43,146.46|